diff --git a/package/libs/mbedtls/Makefile b/package/libs/mbedtls/Makefile
index 401be59d64..9ed3e88566 100644
--- a/package/libs/mbedtls/Makefile
+++ b/package/libs/mbedtls/Makefile
@@ -8,13 +8,13 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=mbedtls
-PKG_VERSION:=2.16.1
+PKG_VERSION:=2.16.2
 PKG_RELEASE:=1
 PKG_USE_MIPS16:=0
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION)-gpl.tgz
 PKG_SOURCE_URL:=https://tls.mbed.org/download/
-PKG_HASH:=7ab76eaefab0b02f26ca889230d553facb2598f3a8f077886c41ec1801d2131a
+PKG_HASH:=40d18965dd36ce0158a2b037c8c54401bad54f683f4311502518ee1a1a0b622c
 
 PKG_BUILD_PARALLEL:=1
 PKG_LICENSE:=GPL-2.0+
diff --git a/package/libs/mbedtls/patches/300-soversion-compatibility.patch b/package/libs/mbedtls/patches/300-soversion-compatibility.patch
index 5446dd8128..ca838499c9 100644
--- a/package/libs/mbedtls/patches/300-soversion-compatibility.patch
+++ b/package/libs/mbedtls/patches/300-soversion-compatibility.patch
@@ -4,7 +4,7 @@
  
  if(USE_SHARED_MBEDTLS_LIBRARY)
      add_library(mbedcrypto SHARED ${src_crypto})
--    set_target_properties(mbedcrypto PROPERTIES VERSION 2.16.1 SOVERSION 3)
+-    set_target_properties(mbedcrypto PROPERTIES VERSION 2.16.2 SOVERSION 3)
 +    set_target_properties(mbedcrypto PROPERTIES VERSION 2.12.0 SOVERSION 1)
      target_link_libraries(mbedcrypto ${libs})
  
@@ -13,7 +13,7 @@
      target_link_libraries(mbedx509 ${libs} mbedcrypto)
  
      add_library(mbedtls SHARED ${src_tls})
--    set_target_properties(mbedtls PROPERTIES VERSION 2.16.1 SOVERSION 12)
+-    set_target_properties(mbedtls PROPERTIES VERSION 2.16.2 SOVERSION 12)
 +    set_target_properties(mbedtls PROPERTIES VERSION 2.12.0 SOVERSION 10)
      target_link_libraries(mbedtls ${libs} mbedx509)